Colts sign Luck

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  • Steagles
    @steagles1
    • Apr 2011
    • 3323

    Colts sign Luck

    No surprise here. Basically the exact contract guaranteed by the new rookie pay scale.



    Six weeks after owner Jim Irsay pronounced the Colts and their first-round draft pick were “close” to agreement on contract terms, Andrew Luck is finally, officially, an Indianapolis Colt.

    The former Stanford quarterback has signed a fully guaranteed four-year contract a source with the team told the Star this afternoon.

    The precise value of the deal was not immediately available but the NFL’s rookie salary scale dictates that it closely resemble that signed by Luck’s predecessor as the first pick in the draft, Carolina Panthers quarterback Cam Newton.

    Newton signed for $22.05 million with a signing bonus of $14.5 million last year.
    Luck was not available for comment.

    With Luck under contract, he is free to report to a three-day rookie training camp prior to the Colts’ team-wide July 28 reporting date and the Colts have only two of their 10 draft choices to sign. They are Stanford tight end Coby Fleener, a second-round pick, and Clemson tight end Dwayne Allen, a third-round selection.

    Luck participated in the Colts’ rookie minicamp in May and their mandatory minicamp last month, but in between, he missed all 10 of the club’s organized team activities while completing degree requirements at Stanford.

    He is spending most of his summer in Indianapolis, working on his own with teammates.

    Luck was runner-up in Heisman Trophy voting each of the past two years. He completed 288-of-404 passes (71.3 percent) for 3,517 yards and 37 touchdowns with 10 interceptions as a red-shirt junior last season.

    Luck won the Walter Camp Football Foundation Player of the Year award, the
    Maxwell Trophy as college football’s top player and the Johnny Unitas Golden Arm Trophy as its top quarterback.
    Senior at the University of Louisville.
    Greenfield ---> The Ville
  • Kid Minneapolis
    Pacer Pride, Colts Strong
    • Apr 2004
    • 7351

    #2
    Re: Colts sign Luck

    The Indianapolis Colts have signed quarterback Andrew Luck, who was taken with the first overall pick in the April draft, to a four-year contract, a league source tells ESPN NFL Insider Adam Schefter.


    The Indianapolis Colts have signed quarterback Andrew Luck, who was taken with the first overall pick in the April draft, to a four-year contract, a league source tells ESPN NFL Insider Adam Schefter.
    According to the Indianapolis Star, the deal is fully guaranteed and expected to be worth $22 million -- with a $14.5 million signing bonus.
    The Colts hold an option for a fifth year, the Star said. Indianapolis' rookies report to training camp on Wednesday.
    Quarterback Robert Griffin III, the No. 2 pick behind Luck, was signed by the Washington Redskins on Wednesday. Griffin's four-year contract is worth $21.1 million and is fully guaranteed, with no offset language, a league source told Schefter.
    22mil, 4 years, 14.5mil signing bonus.
    There are two types of quarterbacks in the league: Those whom over time, the league figures out ... and those who figure out the league.

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    • Young
      Senior Member
      • May 2004
      • 4059

      #3
      Re: Colts sign Luck

      About time. I wonder if the Colts got control over Luck's endorsements? I sure hope not.

      Comment

      • Ownagedood
        Dood.
        • Jan 2008
        • 2638

        #4
        Re: Colts sign Luck

        I was hoping it was going to be longer than 4 years, but that's ok.. He's gonna be very expensive and very valuable come next signing time.

        Comment

        • Suaveness
          Member
          • Jan 2004
          • 13482

          #5
          Re: Colts sign Luck

          4 years is how it is as part of the agreement. You can't get more than that.
          Don't ask Marvin Harrison what he did during the bye week. "Batman never told where the Bat Cave is," he explained.

          Comment

          • Steagles
            @steagles1
            • Apr 2011
            • 3323

            #6
            Re: Colts sign Luck

            Their is a team option, I think, for a 5th year but I may be wrong.
            Senior at the University of Louisville.
            Greenfield ---> The Ville

            Comment

            • Suaveness
              Member
              • Jan 2004
              • 13482

              #7
              Re: Colts sign Luck

              Yes there is a team option for the 5th year, and it pays the player a top 10 salary at the player's position if drafted in the top 10.
              Don't ask Marvin Harrison what he did during the bye week. "Batman never told where the Bat Cave is," he explained.

              Comment

              • Swingman
                Member
                • Sep 2005
                • 848

                #8
                Re: Colts sign Luck

                I hate that contracts are allowed to based on other player's salaries. Everyone has to be paid more than their peers.

                For everyone's sake, Luck better be a top 10 QB by his 5th year then.

                Comment

                • esabyrn333
                  Member
                  • Feb 2006
                  • 698

                  #9
                  Re: Colts sign Luck

                  Do we have anyone else that hasn't been signed yet

                  Comment

                  • Suaveness
                    Member
                    • Jan 2004
                    • 13482

                    #10
                    Re: Colts sign Luck

                    Fleener and Allen.
                    Don't ask Marvin Harrison what he did during the bye week. "Batman never told where the Bat Cave is," he explained.

                    Comment

                    • jeffg-body
                      Member
                      • Jul 2007
                      • 4061

                      #11
                      Re: Colts sign Luck

                      The Luck era in Indy has begun oficially now. It may not be pretty this year but by year three years from now everyone will be happy with Mr. Luck and hopefully a better tooled defense and offensive line. We may not win a ton of games next year but it has to be better than watching Collins and Painter fumble and toss picks.

                      Comment

                      • Pacergeek
                        Member
                        • Apr 2009
                        • 9051

                        #12
                        Re: Colts sign Luck

                        I'm actually optimistic about this season. We are in a weak division, and can possibly sneak up on a few teams. Andrew Luck will be outstanding, and I think he will have something to say about Cam Newton's rookie passing records.
                        Being unable to close out a game in which you have a comfortable lead in the 4th Q = Pulling a Frank Vogel

                        Comment

                        • OlBlu
                          Banned
                          • Dec 2011
                          • 3288

                          #13
                          Re: Colts sign Luck

                          Originally posted by Pacergeek
                          I'm actually optimistic about this season. We are in a weak division, and can possibly sneak up on a few teams. Andrew Luck will be outstanding, and I think he will have something to say about Cam Newton's rookie passing records.
                          Cam Newton? Luck cannot even be mentioned in the same breath with Cam Newton and he won't come within 1000 yards of that record because he will have no offensive line to play behind. I think Cam Newton will pass a little less this year but he is going to be in the pro bowl for a long time........

                          Comment

                          • OlBlu
                            Banned
                            • Dec 2011
                            • 3288

                            #14
                            Re: Colts sign Luck

                            Originally posted by Steagles
                            No surprise here. Basically the exact contract guaranteed by the new rookie pay scale.

                            http://www.indystar.com/article/2012...four-year-deal
                            And Irsay pockets $78 million over the next five years he would have had to pay Peyton.... Well, Jim needs the money......

                            Comment

                            • RWB
                              Member
                              • May 2004
                              • 8049

                              #15
                              Re: Colts sign Luck

                              Originally posted by OlBlu
                              And Irsay pockets $78 million over the next five years he would have had to pay Peyton.... Well, Jim needs the money......
                              So did Peyton. 5 years 96 million.
                              Last edited by RWB; 07-20-2012, 12:48 PM.
                              You know how hippos are made out to be sweet and silly, like big cows, but are actually extremely dangerous and can kill you with stunning brutality? The Pacers are the NBA's hippos....Matt Moore CBS Sports....

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